Skip to main content

tv   Piers Morgan Tonight  CNN  October 21, 2012 12:00am-1:00am EDT

12:00 am
tonight, billionaire's row, what if you get three of the most successful people in the country to tackle the biggest problems, these are the men who did the most impossible. mark cuban, billionaire owner of the dallas mavs. >> i have to always be competing, i have to always win. >> the king of las vegas, steve wynn. >> the thing that will make people go wild, just about the coolest thing to do. >> and t. boone pickens, being a success. >> i would get out of the middle east, is what i would do. >> because what they say could
12:01 am
help everyone. >> the most patriotic thing you could do as an american is get filfthy, stinking rich to do all the things we talked about. >> this is piers morgan tonight. >> i'm tony robbins, in for piers morgan, tonight, we'll be talking to three men who have tried to get american going again. we begin with mark cuban, owner of the dallas mavs, who started at the age of 12, selling garbage sacks. he started, then sold that for 5.2 million to yahoo! then he turned the dallas mavs into a winning team, not bad, mark cuban joins me right now, good to see you, i see you noticed the ring. >> that is a beautiful ring.
12:02 am
>> coach carlyle gave me that, because i worked with your team. >> i can't wear it at all. >> tell me something, you are -- described a lot of different ways. i wanted to meet you for a long time, passionate, outrageous, playful, you have taken business and turned it into a sport, very successful. i think hunger is the strongest and most important element to success than anybody i have ever met. and you seem to have a hunger, i don't have two million worth of referees -- tell me, where does that passion come from? and tell me, if people don't have it, how do they get it and keep it? >> that is a great question, i don't know if i am wired that way. i kind of feel like i am. i am just the most competitive guy you will ever meet. like you said, business is a sport. and i have to always compete, i want to win, when i got into
12:03 am
athlete athletics, i realized i was not just competing as an opponent, you're competing against everybody who may compete with you. >> that is the whole world. >> the whole world, right? and that is always some 18-year-old kid trying to come in and kick your butt. to me, that motivates you, keeps you hungry, i never want to get kicked off the perch. >> i see people very hungry, never maximumize their abilities. >> if it creates effort, yes, it is about hunger, because so many people always talk about their dreams. i think the biggest lie about business, if you will, all of mentoring is following your dreams, because if you think about it, we all have dreams, i started off wanting to be a baseball player, then i dreamed of this and that. i realized that where you should go is where your effort takes you. you find yourself, yeah, i practiced baseball and
12:04 am
basketball and loved it. but then i found myself spending more time being involved with business. it was really my effort that drove me. i always told me don't follow your dreams, follow your effort, where are you willing to put in the time, where are you hungry enough? because that will get results. >> and timing, often in life you see really good people who fail, not because they didn't try or have the effort. they did the right thing at the wrong time, you see people buying the house, 2007, wrong time, down 30, 60%. >> i bought houses at the wrong time. timing is relative to scale. so when i started my first business i had just gotten fired from a job. and i didn't have a choice, i went the next several years without a eviction, sold the company for 6 million, so i was retired, having a great time -- >> did you just go party? >> like a madman? >> not at all, wouldn't be difficult -- i went nuts, right?
12:05 am
so i was not in a position to buy a sports team or change the world, but i was comfortable, if i was willing to look like a student i was set for life. but then, my next business came along and we started the business of streaming. 1995, this is right where internet started to go nuts. and had my next business not happened when the whole internet bubble came along, i wouldn't be worth billions. >> what was the revenue of your company when you sold it for 9.9 billion? >> the last public quarter was 13 million, then 18 million, and 25 quarter -- >> i want to get to that, a lot of people said well, a guy like mark is so lucky. i hate when i see that, sometimes people are lucky. >> i am lucky, i'll be the first to tell you. >> you got out of that stock young. >> i'll tell you, i was stupid.
12:06 am
>> but can you make your own luck by putting yourself in the right position? because a lot of people say, the season hits me, instead of i have to look at what season we're in, you took advantage of winter. you seem to always say where is the next edge, so if i win, i win big. >> i always try to change the game, i say look, i'm not the best programmer or technical guy, but with sales ability, technical ability, then i can walk in and say what can i do to change? so whether changing the first high definition television, hd net in 2001, we have the distribution company, we said oh look, this model is not working. spending all of this money to create a movie and then praying people show up. we looked at the model, looking at tv, video on demand on tv is going to explode. so we said, let's take the
12:07 am
movies we're distributing, put them on dvd, buy our movies first, then because we own landmark theaters, then put them in movies. so we went to a company losing money, always made money as a company, now everybody is trying to copy us. so that is what we're trying to look for. >> it is amazing, you're always trying to find the competitive edge. one of the competitive edges you took, the mavericks -- >> we got voted the worst professional sports franchise in the '90s, before i bought them. >> so six years later i was there in dallas, my buddy pat riley rooted against you, then 2011, you become champions, that doesn't just happen. you and i agree, leadership is the cutting edge, we're about to decide who our leader should be for the next four years, you look at john wooden, he had different players, seven championships in a row. how valuable is the leader, what
12:08 am
is the most important qualities in the leader today? how do you know if they have the right stuff and how do you know if you let them go at a tough time or stay with them? >> it is always tough with coaches, like they tell you, they're hired to be fired. one of the critical points, in sports leadership, you not only have to know what you're good at, you have to know what you're not good at. and that is one of rick's incredible strengths, he says this is what i'm good at. i'm not so good at this, if you can provide me help for what i'm good at, that is my job, what i'm good at. to put a few more in that success leadership, to get a few more of these. >> the guys back in the days of the bulls, jordan, competing they never lost that hunger edge. how do you do it? >> that part is not hard. because once you taste it, i mean you just got to go back for
12:09 am
more. it is that great-tasting champagne, or steak, nobody just ever has one steak, you always want to go back and get more. >> tell me, one the reasons i wanted you on the show, we have people republican, and democratic, i have seen you rip up both sides. >> both sides. >> i recently heard about the blog, where you said we're not better off, are we the same? >> yes, individually, it just depends on your own circumstances. as a country if you go back four years ago, here we are in september, september 2008 where four or five are the biggest one day drops in the dow. when you watch the stock market go up trillions, people have no certainty whatsoever. at the same time, we're sitting there talking about being in the throes of the great depression. and not only were we in the throes of the great depression, we were leaning towards a depression, we didn't know what was happening with banks or
12:10 am
housing, today we were worried about the fiscal cliff, back then, we had no uncertainty about the financial situation. the fact that we got through that uncertainty, speaks volumes of where we are today. >> when we come back, i'd like to ask you about mitt romney and president obama, and get a clear idea of where we need to go. where the leadership is and the prospects going forward. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again.
12:11 am
these are sandra's "homemade" yummy, scrumptious bars. hmm? i just wanted you to eat more fiber. chewy, oatie, gooeyness... and fraudulence. i'm in deep, babe. you certainly are. [ male announcer ] fiber one.
12:12 am
i'm in deep, babe. you certainly are. there's the sign to the bullpen. here he comes. you wouldn't want your doctor doing your job, the pitch! whoa! so why are you doing his? only your doctor can determine if your persistent heartburn is actually something more serious like acid reflux disease. over time, stomach acid can damage the lining of your esophagus. for many, prescription nexium not only provides 24-hour heartburn relief, but can also help heal acid-related erosions in the lining of your esophagus. talk to your doctor about the risk for osteoporosis-related bone fractures and low magnesium levels with long-term use of nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditions may still exist.
12:13 am
let your doctor do his job. and you do yours. ask if nexium is right for you. if you can't afford your medication, astrazeneca may be able to help.
12:14 am
and the celebration will begin. the dallas mavericks are nba champions, the first title in franchise history. >> come here. come here. come here. >> tell me something, i can see the look in your eyes. >> you can't help but get emotional. >> you were telling me during the break. what did you say about the ring? >> i can't have it out when i see it because i get so fired up and so crazy, like let's go and i have to go -- no, i've got to go play with my kids and i've got to chill. i have to keep it where i can't see it. >> what did it mean to you to create that after a little less than ten years? >> hard to describe, happy for dirk, our players, our fans and almost more of a relief than anything else. you saw on the video that you just see me screaming, that was 67 days, the whole playoffs, don't even think about it don't
12:15 am
jinx this, don't jinx this. you see it here, screaming and letting it all out. >> you have a hard time expressing your true emotions, don't you? >> yeah. take after my dad. my kids take to friends to the movie, saying watch my dad that's why i wanted to meet you. talk about leadership once again. talk about the president and mitt romney. tell me, first of all, rather than the people what are the qualities we need in a leader today dealing with the level of volatility in market, today, challenges in europe, asia, potentially china slowing down what do we need in a great leader? and give me your report card for president obama, i know you are a big supporter of his what would your report be for what you think mitt romney could do? >> i'm not a big supporter for everybody, i try to be objective and make a common sense decision based on the information in front of me. but in terms of leadership, first, i don't think the president has as much influence particularly on the economy. global affairs, absolutely right but on the economy -- >> i agree with you. >> nearly as much as people seem to think.
12:16 am
to say whether it was president bush before him or president obama now, only to do a, b or c -- >> even president clinton, a dear friend. a lot of it is outside. >> the internet hadn't happened for president clinton, he doesn't have a surplus. i don't think you can put as much credit or blame or any presidential candidate. so that's part of it. the thing that changed, concerned on both side, leadership has become in terms of managing your party, you're not voting for an individual anymore, not even voting for a ticket, you are voting for a whole party. you look at the tea party and their influence, it's the same on both sides. so much money involved right now that you can't just say, okay, president obama, this is what i like or don't like, governor romney, what i like or don't like. >> how would you rate the parties? >> they both scare the hell out of me. they really, really do. i think a lot of it comes down to the devil i know is better than the devil i don't know.
12:17 am
we have both been in business scenarios where somebody comes in, we're looking to hire them. you say okay, what will you do to increase the profits of the country? i'm going to increase sales, well, that is not enough detail, i'm going to cut costs, that is not enough detail. that is what we're hearing from the republicans and governor romney. you got to give me details. he talks about being a business person, he wouldn't hire somebody the way he is auditioning for a job, on the other hand you look at obama, you say what have you done? we're voting as individuals, so that is important, but at the same time, i don't know that he could have done a whole lot any different or the republicans would have done it any different. now, if we go forward, again, i know obama, and i have a sense, know him in the sense of just as a voter, not personally, but just as a voter. and i have a sense for what he is going to do, like any other ongoing business. i'm not going to make somebody who i don't really know who is
12:18 am
not being forth coming, who is not giving me details. i'm not going to hire him as a ceo of my country, okay, business is not perfect, right? but i'm not willing to take a chance. >> you want the certainty. >> because if he -- if governor romney comes in and cuts taxes, that is not good, right? you talked about that, you're more than willing to pay more taxes. >> i am too, i saw the president, spent a half hour with him three or four weeks ago. i asked him the question, i said how will things be different, when there is such demonization on both sides, if you have both sides so locked up, they're not willing to change, or do you like that? >> there is something to be said for that, but i would like to see the deficit reduced, all the things everybody is talking about. what it really comes down to is individual responsibilities for people in the business community. you know, the republicans like to talk about taking the
12:19 am
government out. i would love to take the government out. >> just not realistic. >> right, we're in a situation where it is third and 50 to go. and i don't care if you're a running team, you still have to pass the ball, and where we are right now, i want to know what is going to happen from the republicans before i would even consider with what obama is doing. i have enough certainty that i feel comfortable with what is going on, and i can run my business. >> so you know, what you're saying is, ceos and those who are successful have to take a responsibility with coming up a plan, not just to expect the politicians to do it. we can't just say cut our taxes without knowing the consequences. >> you can't just take the government out and say now what? people, ceos who run the business, have to take the responsibility, say look, i'm a citizen too, my shareholders are citizens of this entire country. i need to step up and do things for this country, otherwise, i can't ask the government to do less, not take the responsibility away from them.
12:20 am
>> and you always do that? >> oh, yes, i take the responsibility. >> why don't you run, you have done everything else. listen, i want to stick around, and join the dream team. if i was going to economic war i would want these three men to be my friends to make it happen. coming up, the man that started with little more than less than nothing. he started with debt, took las vegas, how do you turn dreams into a reality? steve wynn is next. i have a cold, and i took nyquil,
12:21 am
but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth!
12:22 am
@p@p thanks. [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit to learn your risk.
12:23 am
12:24 am
legend. he turned a desert town into the world's economic destination for entertainment. he created a series of hotels, creating a $12 billion boom in las vegas
12:25 am
>> i love the overstatement there. what's a kid supposed to do between mark cuban and t. boone pickens? i think you have been around the block a few times, listen >> people know your story. some people don't know this, you were an english major, studied comparative religion. going to be a lawyer. how do you go from that to running a bingo parlor, $300,000 in debts and turning around an entire city. tell me how that came about, and more importantly, how do people take their dreams, make it into a reality and make it real? >> you mentioned i was going to be a lawyer. at the last minute, i turned away from a life of crime. >> that's appropriate after what happened with you today. but tell me. >> how did i get from there to here? my dad taught me you want to stick to simple ideas. i don't know, tony, where or
12:26 am
when, but ever since i was a kid, the idea of building something that would make people go wow struck me as just about the coolest thing in the world to do. now, it's not saving lives in the real sense or doing something noteworthy, but it's kept me a happy, happy person. >> a lot of other people, too. >> i have to build another hotel, next time i could get it right. along the way, created 150,000, 250,000 jobs. the most satisfaction i have gotten has been the fact that the family, the employees and staffs of the hotels, here and abroad, and their families have all sort of merged into one this familial organization. i live in the hotel. it is a great life. i am have -- there every day with my family
12:27 am
>> i talk to them and go to your hotels. listen to what they say outside. i know you start every meeting with your company with how people have been touched. would you share an example of that? >> the notion that a single person acting alone without anybody watching can change the course of an enterprise is probably as true for a company as it is for a country. >> i agree we believe that and we have storytelling. every day before a shift starts, the supervisor says, anybody got a story about something great happening? if it's great we post it on the in-house internet and make signs at a print shop downstairs and put up big posters on the wall with a story and picture of the kid who did it and they become famous, that is to say something that they did increases their self-esteem. anything that increases somebody's self-esteem is so much more important than money. >> i agree if it happens in conjunction with the workplace, it is
12:28 am
terrific all the way around. a kid once, a couple from california was going to their room to check in, the bellman said do you have all your baggage, did you check the baggage? and the lady said oh, i left our case with the prescriptions and the insulin at the house, we have to go home. what are we going to do? kid said where do you live? he said, pacific palisades. he said, well, i have a brother in encino. do you have somebody at the house? call the housekeeper, tell him i'm coming over, i hope i remember the story correctly, said somebody is going to pick up the medicine
12:29 am
kid went downstairs, got in his car, drove from las vegas to california to his brother's house, picked up the case with the medication, got back at 4:00 in the morning, had it delivered to the room. now, at that point, these people will never stop talking about that human intervention by one of our employees. that happens a thousand times a month. >> and in an economy like this, that kind of raving fan client, they come back again and again. tell me something there, lot of people -- there's a lot in politics today about success and wealth and almost a negative association, often people that have built things and not always. there's a mixture. is there a conflict? you studied comparative religion. i know you donate 120% of your salary, plus your bonuses, i'm well aware each year. it's healthy numbers. you've always been a giver. is there a conflict between spirituality and economic success? >> i remember -- i think the answer to that is no. i remember studying buddhism at the university of pennsylvania. that teaches you it's about somebody else.
12:30 am
my success as ceo is my ability to make senior management people recognize their success is how well they motivate the staff. the staff learn the only real success is defined by the extent to which they make guests have a wonderful experience in our buildings. that is to say it is always about someone else. >> yes. >> that kind of thing is consistent with the studies of things like buddhism or any other religion for that matter. we are very oriented toward individuals in my company. >> yes. >> and i think that's pretty much my approach to life. >> i know you disagree with things mark said about being better now than four years ago. >> i do. >> i want you to share your solutions for things like health care and i want to hear why you went from voting for president obama before to now voting for mitt romney or at least supporting mitt romney. so that's what we will do when we come back. thanks for being on. >> i'm having a good time.
12:31 am
new prilosec otc wildberry is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. just begin with america's favorite soups. bring out chicken broccoli alfredo. or best-ever meatloaf. go to for recipes, plus a valuable coupon. campbell's. it's amazing what soup can do.
12:32 am
12:33 am
how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪
12:34 am
>> i think the future of las
12:35 am
vegas vegas depends on the kind of political leadership that we get in our state and our country. after all, las vegas is great national crossroads, a great international crossroads. to the extent that america is healthy and well led, then las vegas will be a great reflection of that prosperity. >> so i know you feel very differently about our economy. tell me, are we better off than four years ago? and if you obviously feel differently, why? what do we need to do to move america forward and start growing again? >> it was fun to meet mark cuban and be here with him, i was listening carefully when you were talking to him. unfortunately, i disagree with him rather starkly. four years ago, mark mentioned that we were in the throes of an earthquake. everything was shaking because there was a fault beneath us. the fault had to do with home lending, irresponsible home lending, and a bunch of other reasons that we've discussed and don't need to repeat at this
12:36 am
moment. today, the shaking stopped but the fault is orders of magnitude bigger. there is -- >> there's no metric, no measurement of the health of the american economy that isn't worse today than it was before. and anybody with any fundamental understanding of what our lives and living standards depend upon will recognize that we are in much worse shape at 16 trillion in debt and climbing. right now the government borrows, as everybody knows, 40 cents on every dollar but paying no interest. if we stop artificially keeping interest rates down -- the government takes in 2.4 trillion a year, 400 billion of it is going to interest >> or if they want a better return. >> they have said they want a
12:37 am
better return. that's when the fed comes out and creates money and pretends it's the -- it's artificial repression. they got a fancy name for it. madoff went to jail for it. you can't borrow money >> it's true. >> the results of all this is that the dollar is plummeting. my employees, let's get to what matters to me >> yes. >> my employees are being paid an 80 and 75 cent dollars and going south. even if i bring in money from macao and keep up raises, i can't keep up with the destruction of the living standard of the working people in my world. >> so, tell me, what do we do? you were a big supporter of president obama, gave money to the democrats. you switched. do you believe mitt romney can create 12 million jobs? >> mitt romney doesn't create 12 million jobs. >> yes. >> we know from the study of history that the only thing that creates a better life is the
12:38 am
demand for labor that is created in the private sector if the government is going to hire everybody it is called communism. put everybody in the army, postal department, agricultural department. preposterous and ridiculous. the government makes a lousy deal on labor contracts >> you told me privately, there's money sitting on the side, guys like you. >> 2 or 3 trillion. >> why is it on the side? what is going to get back in the game? >> what the president can do what we've got in the white house today is a first rate campaigner and a great speechmaker and he is charming. >> ouch. >> a nice man. he is a nice man. but this world, it's what you do not what you say. we have become so fascinated with style and glitz, sometimes, and a hell of a thing coming from a guy like me, but give to the got to stay, is what you do, not what you say. >> true. >> we have got guy running for office, mitt romney who is not as good a campaigner as the president but would be a first rate president. the president is a first rate
12:39 am
campaigner. and a third rate president . >> tell me something, i know you're worried about your employees, why do you think the health care program is so poor >> any bill that is 2700 pages a citizen looking at this television program, i'm going to make an intemperate statement. if a piece of legislation is 2700 pages, the public is getting screwed. nothing that's 2700 pages -- >> no one can read it. >> nobody has read it. it's an outrageous example of bad government >> the prices are increasing for employees? >> tony, when they take a break at cnn, most likely, you will see an argument between progressive, all state and geico about how to get cheaper auto insurance or an argument between vonnage, at&t and verizon on cheaper cell phone service. >> yes. >> you will never see an ad how to get cheaper health care insurance because that's locked
12:40 am
into little monopolies state by state. one of the things we got do is get health care national -- the borders taken away so we can have ads on television for private insurance that will cause the price to go down just like it does with auto insurance, like it does for your cell phone. >> you did this with your own company, did you not? >> absolutely. >> tell me an example. you cut $1,000 from mri down to what? >> i got with my union, the culinary union with bessie, with mitzi, with mitzi, the head of the wife of the culinary union. my guys and she went and took the cost from mris and cat scans down from thousands to 300 or 250 by ganging up and using market forces. >> yes. >> now, ryan's idea that was anybody less than 55 would have -- 55 and over get medicare as it is. if you're other than that if you're younger than 55, you can have medicare just the way it
12:41 am
is, but you also have a choice. you have a choice of private insurance advertised nationally. and depending on your income, if you make less than 250,000 -- the president likes to think anybody making 250 or more is a millionaire or billionaire. i'll say one thing, as a person who makes more than 250, i would be happy to not have the government support my health care. i can afford my own insurance and so can anybody else who makes a lot of money health care is for people who have no money, medicaid. we have always had it. for people who make more than nothing but less than enough to buy their insurance competitively, they ought to keep medicare just the way it is. i think that's exactly what the republicans are suggesting. >> we're going to come back, bring you back with our dream team here, economic dream team. but our next person is t. boone pickens, the billionaire who started a new career between 70 and 84 and turning the world upside down with his energy plan. t. boone pickens is next.
12:42 am
just . now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid.
12:43 am
12:44 am
12:45 am
12:46 am
t. boone pickens turned a $2,500 investment into one of america's largest independently owned oil companies, called mesa petroleum. then, at the age of 68, he supposedly retired only to begin again at 70 a whole new career in capital management. the man's amazing. if you don't know about him, you should. he has been around forever, sharing with people how to succeed. here is a guy, by the way -- first of all, boone, i want to thank you for coming. >> you bet. >> you are a guy that doesn't know anything about retirement, a guy that adds value constantly, talking about taxes here, you paid how much in taxes the last 14 years since you were 70? you are 84 now, right? how much? >> 665 million. not bad >> given away $1 billion in philanthropy. >> a little over 1 billion. >> most people at 65 think this is the end of the road. in their 50s are thinking i'm getting old. what do you say to those people -- how do we have those myths? you are the greatest person i could put out there for that
12:47 am
>> i still have a lot of things to do i'm running out of time. >> you also take care of yourself. you're very aware of health care, at one point cut the company costs in half in your business, how did you do that? >> put in a fitness center in 1969 and we won the company that was most physically fit in america. it was a contest at the houstonian in houston. won it two times. >> did you have incentives for people to do it? or was it just a sense of pride? you cut your health care costs in half at that time. you were a model for it. very few people followed it. >> any time i had 25 new employees, i would have a one-hour orientation. when i finished, i would say, we have a fitness center here and i like to have a show of hands of those that will participate in the fitness program well, here i am, the boss and i've got them cornered, they all
12:48 am
have to raise their hand. i said fine, you don't have to check in the fitness center, i have the list, all will participate, sign my name, give it to the fitness director, and he will be by to see you in the next two days >> nothing like leverage. >> you have a plan that will save this county, provide 650,000 jobs, no one argues with that, provides savings of $100 billion, reduce the needs of opec oil by 75%. sounds like a plan too good to be true. what's the plan? >> i started this four years ago. i spent a lot of money promoting the plan. i feel like i have been successful. we've had one vote in the senate. >> got 51 votes, didn't you? >> that's right. >> why didn't it get passed? >> well, this was an amendment to the transportation bill. >> yes. >> and so it had to be voted on by the senate as to whether 18-wheelers on natural gas was
12:49 am
germane to the transportation bill. you're following this? >> no, i'm not. no, i'm not, but i get the idea >> they voted it nongermane. i got 51 that will win the big 12, but not in washington when it's not germane to the bit. >> nine votes short this time. i know you don't ever give up. let's be clear. what you are saying we have 15% imported oil that comes, utilizing for big trucks. we can do solar, proven that for cars but these 18-wheelers, can't do it, need a transition fuel. >> you can't use solar for cars. >> that's what i'm pointing out. so, really, we have more natural gas now than saudi arabia? >> oh, we have -- >> as oil? >> we have more natural gas than any country in the world. and so if you take it to what we call barrels of oil equivalent, we actually is three times as much oil, not oil, but barrels of oil equivalent natural gas than the saudis have. i mean, here we are with it.
12:50 am
this oil, we've got to do -- for 40 years we have imported oil and we have been connected to the mideast. okay? so we have -- now have enough oil and natural gas to get off that, if you look at the straits of hormuz today, the 17 million barrels of oil goes through the straits. only 14.2 barrels come to us. okay, we don't need that. we can go without it. if that is the case, now, we have got to look at our whole situation different. our energy is -- we have more energy, the cheapest energy in the world. and we have more energy than anybody else has in the world. >> so we're not deploying it right, you're saying if we just took those 18-wheelers and in five years convert them to natural gas, it saves money,
12:51 am
also we can reduce by 75%, the opec -- >> sure, the two million barrels we get, we have four carriers, two in the persian gulf, two outside but close, and all of that is going on, at the same time we're getting people killed every day. now, we have this situation in libya and egypt. i would get out of the middle east, is what i would do. >> we can do it in five years? >> we can get out a lot quicker than that. >> why isn't president obama saying we're going to take all the vehicles the u.s. government has and put them on -- >> that is just 200,000, exactly, that is leadership, if he did that. it doesn't have to go on natural gas. put it on domestic fuel is what you need to do. get off of opec oil. but oil that we purchase from the middle east, from saudi arabia, particularly, some part of that money goes to the taliban, okay? just get out of there and come
12:52 am
home. and -- they don't want us there. you're trying to change a culture that has been there for centuries. and you know, you want to change it to -- a democracy? if they came over here and imposed their culture on us, of course we would not even consider it. but, and that is their attitude, too. they do not want -- >> most people are not going to change in their spouse, how are they -- >> exactly. >> tell me something, we're going to run into the final segment and bring everybody back together here and have you sit with kind of our economic war team. so when you come back, i would like to think, what do you think is the greatest economic strategy, when we come back. >> sure. >>
12:53 am
♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities.
12:54 am
agents, say hello to the biggest hailstone in u.s. history. oh, that will leave a dent. which is exactly why we educate people... about comprehensive coverage. yep. the right choice now can pay off later. looks like a bowling ball. yeah. oh! agents, say hello to the second-biggest hailstone in u.s. history. [ announcer ] we are insurance. ♪ we are farmers bum-pa-dum, bum-bum-bum-bum ♪
12:55 am
12:56 am
i'm tony robbins in for piers morgan, because with three successful men, mark cuban and t. boone pickens, i wish you could see the passion, not everybody agrees, this is a very short section, if you could do one thing, you're president of the united states. in this economy, the culture, what would it be?
12:57 am
boone i'll start with you. >> get on your own resources. we have the cheapest oil, the cheapest gas in the world. and we have the resources in america. just get on you're own resources. the countries that are successful around the world are those that are on. there is no country in the world that is on their own resources that is struggling. and we have the resources, washington does not understand. >> i would say recognize that intelligent capital is the best resource, just because we have the most brains of any country in the world, and innovative -- >> more than 260 countries -- >> that is okay, we're innovative, we have to continue to invest in the countries. all the people not selling the intelligent capital, they're using the time -- we have to re-train them. >> so we go from this low knowledge, skill, cognitive
12:58 am
decision-making, where -- >> software is taking over everything. >> if you don't get that, you don't win. >> and if you're not capable of participating in the work force at that point, then you need to be re-trained. and we need to get kids in school to the point that they can participate in that environment. >> we're training kids that used to be in jobs for the future. and we're in a situation where we see people struggle, they just don't have the tools. >> and that is not going to change. >> well, if you're president -- steve? >> just listening to these two guys, the one thing you ask me to do to make the world, america a better place, somehow have a notion of humility take over in washington, with regard to what the government is capable of doing successfully. >> as opposed to private enterprise. >> yes, and energy that would be successful. trust him to execute it. he says we have to re-train people. reward, have a government that rewards by not collecting taxes, people who successfully re-train
12:59 am
citizens. that is to say, turn the attention to rewarding citizens who do what we want by not collecting taxes from them. and those people will start to re-train people, and people will start to find new sources of energy. but that will require a new change in washington that i would call introducing humility. >> give me one sentence, what is america's greatest strength going forward? >> our people. >> let me add one thing, if we get on our own resources we can get out of the middle east. >> yes, i agree. >> and we have depended on that oil over there for 40 years, and we don't need it. get the hell out of it and we'll quit getting our people killed. >> steve, what is america's greatest strength, what do we have to look forward to? >> individual initiative, greed -- >> the best thing you can do is get stinking rich, pay all of these taxes and do all


info Stream Only

Uploaded by TV Archive on